HoonSmart.com>> “Group Lease” filed a petition to the court asking for a criminal trial against JTA, along with 2 others, causing damage to the company. affect the stock market value After the Supreme Court’s request for business rehabilitation of JTA
Tatsuya Konoshita, Deputy Chief Executive Officer of Group Lease Company (GL), revealed that on April 11, 2018, Group Lease filed a criminal case against JTA and two other JTA directors, Mr. Nobuyo. Shi Fujisawa and Mr. Shigeyoshi Asano (currently a former director of JTA) on charges of jointly submitting a request for rehabilitation of the Group Lease business. This is a false claim that the Group Lease is subject to rehabilitation requirements. which caused the reputation of the group Lease to be damaged It also causes the company to lack credibility. among investors thus negatively affecting the latest company’s share value.
On December 22, 2021, the Supreme Court of Thailand has raised a request for rehabilitation of JTA which is a boon to Group Lease Therefore, there will be no further appeals for this case by the JTA and this case is final.
“We are delighted that we are able to move on. and proved that the JTA’s allegation that the Group Lease would have to rehabilitate is unreasonable. which will enable investors and stakeholders of Group Lease is more confident in the company’s position,” said Tatsuya.
Riki Ishigami, Chief Executive Officer of Group Lease (GL), said that while we are delighted that the Supreme Court has settled doubts over Group Lease’s rehabilitation status, it is in our view. JTA Mr. Nobuyoshi Fujisawa and Mr. Shigeyoshi Asano committed a criminal offense under Article 90/80 of the Bankruptcy Act 1940. They filed a false claim for rehabilitation of Group Lease. to the Central Bankruptcy Court This case has been temporarily disposed of. to wait for the final judgment in the business rehabilitation case
On December 30, 2021, Group Lease filed a petition with the Central Bankruptcy Court. To request a new trial against JTA, Mr. Nobuyoshi Fujisawa and Mr. Shigeyoshi Asano, the court has set an appointment on February 14, 2022 to consider whether Will the case be reconsidered? which the punishment for The criminal case of the defendant is that if the company wins this case the defendant shall be liable to a fine not more than three hundred thousand baht or imprisonment for not more than three years or both fine and remember And we will ask for fairness to the shareholders of the company. They will follow up with JTA and each of JTA’s directors to reimburse the damage they have caused to the group lease. and our shareholders and will make them pay for the consequences of their actions in this criminal case. which in Thailand The Central Bankruptcy Court is a court that considers criminal cases related to false business rehabilitation applications. The court is also the same court that sentenced Group Lease. Wins the latest business rehabilitation case Due to the judgment that the Group Lease does not meet the requirements for business rehabilitation
“In addition, Group Lease still has another lawsuit against JTA, which is a lawsuit with a capital of 9.13 billion baht, which is the value of the damage caused to Group Lease. and shareholders of Group Lease We are also filing an appeal against the decision of the Court of Appeal. reversed the verdict of the Court of First Instance Prevent Group Lease from receiving money in the amount of 685 million baht, which is the amount that the Court of First Instance sentenced Group Lease to receive from JTA’s damage to Group Lease. By submitting a petition to the Supreme Court To claim the amount of 685 million baht, we will refer to the Supreme Court’s judgment. that dismissed JTA’s petition to file an appeal for business rehabilitation,” said Riki.
